UBS just updated their outlook of home price values in major cities around the world. (You can link here.) A major first impression is that while some publications question whether US prices are bubbling, the recent gains in home price indices in other countries (and they highlight Toronto … Read More
Quotes on the CME Case Shiller home price index futures are marginally higher this afternoon (relative to yesterday, and as measured by mid-market values) after this morning’s release of the Case Shiller indices. The biggest gain took place in the LAXX18 contract (where there was one trade today). DENX18 is … Read More
There’s have been 7 options trades this month (to go with 10 from August).
Here’s a table of my suggested offering labels. (Note table was updated for current spot values on Sept 21). Again, given the huge number of potential contracts (combining strikes, expirations, puts and calls) I’m only going … Read More
It seems incongruous that the only CME Case Shiller home price index contract that doesn’t have any OI (open interest) is LAV (Las Vegas). After all LAV is the mecca for placing bets on many events, yet there’s been no “action” on LAV. One might expect future LAV prices to … Read More
I recently did a trade in DEN.G18.P2000 (that is, puts on the Feb ’18 DEN contract with a strike of 200. Here’s a graph that shows the P&L of the trade, were one to sell (write) those options at a price of 4.0.
I think that this is a useful … Read More
Quotes on the CME home price index futures were generally lower this morning (relative to last Friday) after the monthly release of the Case Shiller indices. The table below shows bids, offers and mid-market levels for the 11 Nov ’17 contracts. The mid-market values for the BOS, NYM and SFR … Read More
Inquiries from traders looking to hedge (sell) housing futures (or buy puts) continue to dominate. As such, I’m (unabashedly) putting forth an idea to try and bring in some interest from the long side (on forward contracts).
First, the graph below shows the closing prices on the Nov ’17 contracts … Read More
I posted a recap of activity in the CME Case Shiller home price futures contracts for June. You can access in the Reports section or via this link.
The 28-page report contains numerous tables and graphs of relevant information, including a section with graphs, prices and put option quotes … Read More